A series of new hexa-coordinated ruthenium(II) carbonyl complexes of the type [RuCl(CO)(EPh(3))(B)(L)] (E = P or As; B = PPh(3), AsPh(3) or Py; L = 2'-hydroxychalcones) have been prepared by reacting [RuHCl(CO)(EPh(3))(2)(B)] (E = P or As; B = PPh(3), AsPh(3) or Py) with 2'-hydroxychalcones in benzene under reflux. The new complexes have been characterized by analytical and spectral (IR, electronic, (1)H, (31)P and (13)C NMR) data. Based on the above data, an octahedral structure has been assigned for all the complexes. The new complexes exhibit catalytic activity for the oxidation of primary and secondary alcohols into their corresponding aldehydes and ketones in the presence of N-methylmorpholine-N-oxide (NMO) as co-oxidant and also found efficient catalyst in the transfer hydrogenation of ketones. The antifungal properties of the complexes have also been examined and compared with standard Bavistin.